Efficiency, Equity, and Corporate Responsibility in Imperfect Competition

摘要: A crucial objective in industrial organization is to evaluate whether or not imperfectly competitive markets perform well from society’s perspective. As we discussed Chap. 1, focus on three dimensions of market performance: static efficiency, dynamic and equity. Up this point, have spent most our time discussing efficiency issues. We now begin chapter with a review assessment what learned regarding imperfect competition different types inefficiency—market power (i.e., allocative inefficiency), X-inefficiency, rent-seeking behavior, technological change efficiency).